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6. SHAREHOLDERS' EQUITY (Tables)
6 Months Ended
Feb. 29, 2016
Schedule of dividends declared and paid

FY2015

Record Date  Distribution Date  Number of Shares Outstanding on Record Date   Dividend per Share   Total Amount 
11/7/2014  11/14/2014   16,841,114   $0.05   $842,056 
1/26/2015  2/2/2015   16,852,117   $0.05   $842,606 
5/11/2015  5/18/2015   16,875,117   $0.05   $843,754 
7/23/2015  7/30/2015   16,943,001   $0.05   $847,150 
Total               $3,375,566 

 

 

FY2016

Record Date  Distribution Date  Number of Shares Outstanding on Record Date   Dividend per Share   Total Amount 
11/09/2015  11/16/2015   16,996,001   $0.05   $849,800 
1/29/2016  02/05/2016   17,018,001   $0.05   $850,900 
Total               $1,700,700 

 

Schedule of options by exercise price range
Exercise Price   Awards Outstanding   Awards Exercisable 
Low   High   Quantity   Weighted Average Remaining Contractual Life   Weighted Average Exercise Price   Quantity   Weighted Average Remaining Contractual Life   Weighted Average Exercise Price 
$1.00   $1.50    100,500    2.34 years   $1.04    100,500    2.34 years   $1.04 
$1.51   $3.00    3,600    4.19 years   $2.20    3,600    4.19 years   $2.20 
$3.01   $4.50    29,000    3.35 years   $3.33    29,000      3.35 years   $3.35 
$4.51   $6.00    74,000    3.16 years   $5.48    41,600      3.21 years   $5.42 
$6.01   $7.50    381,050    8.48 years   $6.85    82,660    8.19 years   $6.86 
$7.50   $9.82    412,100    10.00 years   $9.71    0         
           1,000,250    7.93 years   $7.23    257,360    4.49 years   $3.89 
Incentive Stock Options (ISOs) [Member]  
Schedule of stock option activity
Transactions in FY16  Number of Options   Weighted-Average Exercise Price
Per Share
   Weighted-Average Remaining Contractual Life 
Outstanding, August 31, 2015   621,000   $5.01    6.10 
Granted   412,100   $9.71      
Exercised   (75,000)  $1.44      
Cancelled/Forfeited   (7,200)  $6.85      
Outstanding, February 29, 2016   950,900   $7.32    7.97 
Exercisable, February 29, 2016   230,160   $3.80    4.34 
Non-Qualified Stock Options (NQSOs) [Member]  
Schedule of stock option activity
Transactions in FY16  Number of Options   Weighted-Average Exercise Price
Per Share
   Weighted-Average Remaining Contractual Life 
Outstanding, August 31, 2015   49,350   $5.52    7.78 
Granted   0   $0.00      
Exercised   0   $0.00      
Outstanding, February 29, 2016   49,350   $5.52    7.25 
Exercisable, February 29, 2016   27,200   $4.70    5.81